---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-020489"
form_type: "8-K"
ticker: "SHBI"
cik: "0001035092"
company_name: "SHORE BANCSHARES INC"
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:20:20.497304+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shore Bancshares Q1 net income $13.8M ($0.41 EPS); NIM widens to 3.24%

## Summary
- Net income $13.8M, up from $13.3M Q4-24 and $8.2M Q1-24; diluted EPS $0.41 vs $0.40 and $0.25.
- Net interest income $46.0M (+$2.0M QoQ); net interest margin 3.24%, up 21 bps from Q4-24.
- Nonperforming assets 0.31% of total assets, down from 0.40% Q4-24; provision for credit losses $1.0M.
- Efficiency ratio improved to 63.64% from 64.21% QoQ and 76.93% YoY.
- Charlie Cullum named CFO, succeeding retiring Todd Capitani.

## SEC filing metadata
- accession: 0001628280-25-020489
- form_type: 8-K
- ticker: SHBI
- cik: 0001035092
- company_name: SHORE BANCSHARES INC
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000162828025020489/0001628280-25-020489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000162828025020489/shbi-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-020489
- JSON: https://secwatch.observer/filing/0001628280-25-020489.json
- Plain text: https://secwatch.observer/filing/0001628280-25-020489.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.